Kona Grill, Inc. (NASDAQ:KONA) had its price target cut by Lake Street Capital from $5.00 to $3.50 in a research report released on Friday, Marketbeat Ratings reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other brokerages have also weighed in on KONA. Zacks Investment Research upgraded shares of Kona Grill from a sell rating to a hold rating in a report on Wednesday, October 4th. ValuEngine lowered shares of Kona Grill from a sell rating to a strong sell rating in a report on Friday, September 1st. Raymond James Financial, Inc. restated a market perform rating on shares of Kona Grill in a report on Monday, July 24th. Finally, Telsey Advisory Group decreased their price objective on shares of Kona Grill from $8.00 to $4.00 and set a market perform rating for the company in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $6.17.

Shares of Kona Grill (KONA) traded down $0.60 during midday trading on Friday, reaching $2.05. 374,700 shares of the company were exchanged, compared to its average volume of 147,005. Kona Grill has a 52 week low of $1.50 and a 52 week high of $13.50. The company has a quick ratio of 0.42, a current ratio of 0.54 and a debt-to-equity ratio of 2.07.

Kona Grill (NASDAQ:KONA) last announced its quarterly earnings data on Thursday, November 9th. The restaurant operator reported ($0.33) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.11). Kona Grill had a negative return on equity of 55.38% and a negative net margin of 15.32%. The firm had revenue of $44.40 million during the quarter, compared to analysts’ expectations of $46.32 million. During the same quarter in the previous year, the firm earned ($0.24) earnings per share. Kona Grill’s revenue was up 2.3% on a year-over-year basis.

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A number of large investors have recently bought and sold shares of KONA. LMR Partners LLP bought a new stake in Kona Grill in the 2nd quarter worth approximately $109,000. Goldman Sachs Group Inc. bought a new stake in Kona Grill in the 2nd quarter worth approximately $159,000. KCG Holdings Inc. bought a new stake in Kona Grill in the 1st quarter worth approximately $200,000. Dimensional Fund Advisors LP grew its position in Kona Grill by 10.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 357,547 shares of the restaurant operator’s stock worth $1,323,000 after purchasing an additional 33,717 shares during the period. Finally, Renaissance Technologies LLC grew its position in Kona Grill by 2.7% in the 1st quarter. Renaissance Technologies LLC now owns 429,059 shares of the restaurant operator’s stock worth $2,703,000 after purchasing an additional 11,100 shares during the period. 48.36% of the stock is owned by institutional investors and hedge funds.

About Kona Grill

Kona Grill, Inc owns and operates upscale casual dining restaurants under the name Kona Grill. The Company owns and operates approximately 40 restaurants in 20 states throughout the United States and Puerto Rico. Its high-volume upscale casual restaurants feature a global menu of contemporary American favorites and sushi.

Analyst Recommendations for Kona Grill (NASDAQ:KONA)

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